Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months Month January February March April May June July August September Required: Number of cavities Filled. 450 575 700 300 500 350 600 675 Total Cost $ 5,250 6,250 6,500 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. 2. Using these estimates, calculate Canyon's total cost for filling 400 cavities. Required 1 Required 2 5,300 5,930 5,300 5,600 6,500 5,200 Complete this question by entering your answers in the tabs below. Fixed cost Variable cost per cavity filled Use the high-low method to estimate total fixed cost and variable cost per cavity filled. Note: Round your Variable cost per unit to 2 decimal places.
Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months Month January February March April May June July August September Required: Number of cavities Filled. 450 575 700 300 500 350 600 675 Total Cost $ 5,250 6,250 6,500 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. 2. Using these estimates, calculate Canyon's total cost for filling 400 cavities. Required 1 Required 2 5,300 5,930 5,300 5,600 6,500 5,200 Complete this question by entering your answers in the tabs below. Fixed cost Variable cost per cavity filled Use the high-low method to estimate total fixed cost and variable cost per cavity filled. Note: Round your Variable cost per unit to 2 decimal places.
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VIEWStep 2 (Determination of highest - lowest level of activity and their costs)
VIEWStep 3 (Determination of variable cost per unit)
VIEWStep 4 (Determination of Fixed Cost)
VIEWStep 5 (Determination of cost Equation)
VIEWStep 6 (Determination of total cost at 400 cavities filled)
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